The News DietThe News Diet
    What's Hot

    An Ode to Princess Margaret N. Onyema-Orakwusi

    June 3, 2023

    MMS Hall of Fame Mourns Demise Of BOT Chairperson ‘Oraekwusi’

    June 2, 2023

    Shippers’ Council Will Sanitize Maritime Sector As NTC – APMT

    June 2, 2023

    Subscribe to Updates

    Get the latest efficient and accurately analysed news from The News Diet.

    Facebook Twitter Instagram
    Saturday, June 3
    Facebook Twitter Instagram
    The News DietThe News Diet
    • Home
    • News
    • Editorial
      • The Verdict
      • Interviews
      • Special Report
    • Maritime

      MMS Hall of Fame Mourns Demise Of BOT Chairperson ‘Oraekwusi’

      June 2, 2023

      Shippers’ Council Will Sanitize Maritime Sector As NTC – APMT

      June 2, 2023

      CVFF Disbursement: Reps Commend Transparent Process After Investigation

      June 2, 2023

      NIMASA Boss Calls For Changes In Crude Affreightment

      June 2, 2023

      Foundation Holds Marine Litter Awareness Campaign For Secondary Students

      June 2, 2023
    • Business
    • Politics

      Tinubu Appoints Gbajabiamila As Chief of Staff

      June 1, 2023

      Tribunal: Atiku, Obi Legal Battle With Tinubu Begins On Tuesday

      May 24, 2023

      Supreme Court Affirms Adeleke As Osun Governor

      May 9, 2023

      Judicial Proceedings: How Ekweremadu, Wife Ended In Jail

      May 6, 2023

      Darlington Ofor Congratulates Enugu Governor-elect ‘Peter Mbah’

      April 3, 2023
    • Sports

      Osimhen Leads Napoli To First Serie A Title In 33 Years

      May 5, 2023

      Iwobi Rescues Point For Toffees, Ends 7-month Goal Drought

      May 2, 2023

      Mbappe Eyes PSG’s All-Time Top Scorer Record

      March 3, 2023

      Flying Eagles beat Uganda, qualify for FIFA U-20 World Cup

      March 3, 2023

      Flying Eagles Battle Young Pharaohs For Survival In Cairo

      February 22, 2023
    • Photo Diet

      2023: ANLCA, APFFLON Presidents Ponder Headway For Freight Forwarding Sector

      January 13, 2023

      Sambo, Lai Mohammed Discuss National Issues At Transport Ministry Headquarters

      November 1, 2022

      Sambo Felicitates With NIMASA DG ‘Jamoh’ On OFR Honours

      October 12, 2022

      St Augustine’s Anglican Church Youths Visit Lagos Ports Complex

      September 15, 2022

      NCAC Presents Partnership-That-Works Award To Governor Sanwo-Olu

      July 14, 2022
    • Lifestyle

      OMIS Awards Labeled Africa’s Maritime Oscars

      September 26, 2022

      NATOP, NCAC Deepen Collobaration To Develop Tourism Sector

      September 23, 2022

      Tallen, Haastrup, Ajani, Others Set For 2022 MMS Hall of Fame Induction

      September 22, 2022

      Vee Tops Voting Table As NIMA Unveils 30 Contestants As Housemates

      September 4, 2022

      INAC Expo: Prof Bakut, Yahuza To Discuss Culture As National Development Tool

      August 19, 2022
    • Contact
    The News DietThe News Diet
    Home » How To Address Nigerian Port Infrastructure Deficits – APM Terminals
    Maritime

    How To Address Nigerian Port Infrastructure Deficits – APM Terminals

    Kenneth JukporBy Kenneth JukporNovember 25, 2022Updated:November 25, 2022No Comments89 Views
    Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email
    How To Address Nigerian Port Infrastructure Deficits ― APM Terminals
    L-R: Former President, Shipowners Association of Nigeria, Greg Ogbeifun; Managing Director, Nigerian Ports Authority, Mohammed Bello-Koko; President Nigerian Maritime Law Association, Funke Agbor; Executive Director ENL Consortium, Mark Walsh and Chief Financial Officer of APM Terminals Apapa, Courage Obadagbonyi at the Nigeria International Maritime Summit (NIMS) 2022 in Lagos on Tuesday.
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Operators of Nigeria’s biggest container terminal, AP Moller Terminals Apapa, have proposed tax incentives and robust sensitization to drive private investments for modern port infrastructure across the nation.

    The Chief Financial Officer of APM Terminals Nigeria, Courage Obadagbonyi, made this remark while speaking as a panelist on a session on ‘Financing Maritime Assets – Ports and Shipyards’ at the just concluded Nigeria International Maritime Summit (NIMS) 2022.

    He noted that Nigeria has great tax laws that incentivize investment and encouraged the provision of such framework for port infrastructure investments.

    Obadagbonyi’s words: “I am of the school of thought that funding of viable infrastructural projects is not an issue in terms of availability of cash. There is a lot of private equity and multilateral funding available if the projects are well positioned and investors have line of sight to their payback. I think what we need to do is publicity and sell these projects to the right individuals with the right pockets. There are incentives that are available to investors in Nigeria.”

    “I think with more publicity and engagement with private stakeholders, a lot of some of these challenges that are bedeviling us with investing in port infrastructure can be fixed. For instance, we have great tax laws that incentivize investment in this country. Things like pioneer legislation, Infrastructure and Roads Tax Credit Program which companies like MTN and Dangote have used to successfully build hundreds of kilometres of roads and bridges across the country can also be replicated in the ports. We also have great capital allowance provisions that encourage investors.”

    Noting that the country’s debt profile currently stands at N42trillion, which is about four times the country’s total revenue budget per annum, he advised the Federal Government to embark on massive awareness campaign to attract private capital to the nation’s seaports instead of borrowing.

    Obadagbonyi stressed that Nigeria had to find creative ways to unleash private sector participation in port rehabilitation instead of depending on government funding through borrowing.

    APM Terminals Apapa, the largest container terminal operator in Nigeria, has invested more than $438 million at the Lagos Port Complex Apapa. The amount was invested in developing infrastructure, acquiring equipment and improving processes at the terminal. The terminal has also been in the forefront of digitisation of port operations in Nigeria in line with its commitment of introducing new innovations to help both shipping lines and landside customers achieve improved supply chain efficiency and flexibility in a cost-effective manner.

    The NIMS 2022 held on Monday and Tuesday this week. It was declared open by the Minister of Transportation, Engr. Mu’azu Jaji Sambo and the event was also graced by the Secretary General of the International Maritime Organization (IMO), Mr. Kitack Lim.

    AP Moller Terminals Nigeria International Maritime Summit Nigerian seaports
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email

    Related Posts

    MMS Hall of Fame Mourns Demise Of BOT Chairperson ‘Oraekwusi’

    June 2, 2023

    Shippers’ Council Will Sanitize Maritime Sector As NTC – APMT

    June 2, 2023

    CVFF Disbursement: Reps Commend Transparent Process After Investigation

    June 2, 2023

    Leave A Reply Cancel Reply

    Latest Post
    Special Report

    An Ode to Princess Margaret N. Onyema-Orakwusi

    June 3, 2023

    Tributes for Late Barr. (Mrs.) Margaret Orakwusi have continued to pour in weeks after her…

    MMS Hall of Fame Mourns Demise Of BOT Chairperson ‘Oraekwusi’

    June 2, 2023

    Shippers’ Council Will Sanitize Maritime Sector As NTC – APMT

    June 2, 2023

    CVFF Disbursement: Reps Commend Transparent Process After Investigation

    June 2, 2023

    NIMASA Boss Calls For Changes In Crude Affreightment

    June 2, 2023

    Foundation Holds Marine Litter Awareness Campaign For Secondary Students

    June 2, 2023

    Editorial Picks

    An Ode to Princess Margaret N. Onyema-Orakwusi

    June 3, 2023

    MMS Hall of Fame Mourns Demise Of BOT Chairperson ‘Oraekwusi’

    June 2, 2023

    Shippers’ Council Will Sanitize Maritime Sector As NTC – APMT

    June 2, 2023

    CVFF Disbursement: Reps Commend Transparent Process After Investigation

    June 2, 2023

    Subscribe to News

    Get the latest efficient and accurately analysed news from The News Diet.

    Advertisement
    Demo
    Stay In Touch
    • Facebook
    • Twitter
    • Instagram
    • YouTube
    Latest Post
    Special Report

    An Ode to Princess Margaret N. Onyema-Orakwusi

    June 3, 2023

    Tributes for Late Barr. (Mrs.) Margaret Orakwusi have continued to pour in weeks after her…

    MMS Hall of Fame Mourns Demise Of BOT Chairperson ‘Oraekwusi’

    June 2, 2023

    Shippers’ Council Will Sanitize Maritime Sector As NTC – APMT

    June 2, 2023

    CVFF Disbursement: Reps Commend Transparent Process After Investigation

    June 2, 2023

    NIMASA Boss Calls For Changes In Crude Affreightment

    June 2, 2023

    Foundation Holds Marine Litter Awareness Campaign For Secondary Students

    June 2, 2023

    About Us:

    The News Diet is a credible newsblog managed by JUKKEN Consults Limited, a media organization and public relations consulting outfit.

    JUKKEN Consults is also focused on Brand Management, Media Buying, Print Production, etc. The outfit has an impressive track-record of executing media campaigns and projects for high profile clients across various sectors of Nigeria’s economy.

    We also operate a waste recycling/ eco-promotional company, Golden Debris.

    Facebook Twitter Instagram Pinterest YouTube
    Top Insights

    An Ode to Princess Margaret N. Onyema-Orakwusi

    June 3, 2023

    MMS Hall of Fame Mourns Demise Of BOT Chairperson ‘Oraekwusi’

    June 2, 2023

    Shippers’ Council Will Sanitize Maritime Sector As NTC – APMT

    June 2, 2023

    CVFF Disbursement: Reps Commend Transparent Process After Investigation

    June 2, 2023
    Get Informed

    Subscribe to Updates

    Get the latest efficient and accurately analysed news from The News Diet.

    © 2023 All right reserved. The News Diet.
    • Home

    Type above and press Enter to search. Press Esc to cancel.